Non-financial performance measures are increasingly becoming popular and began to be widely adopted by organizations. They are considered to be superior predictors of the future financial performance of the firm. Executive teams are adopting non-financial performance measures to shape executive behaviour. Non-financial performance metrics such as customer loyalty, employee engagement, product quality, innovation quotient or market dominance have increasingly been adopted to determine the executive compensation.
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Steve Rosvold
The co-founders of SheerID give an eye-opening example of how technology can help develop new markets, improve the customer experience for retailers, make CMO’s look really smart while relying on the finance team to model the value created from the program.
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Workday Adaptive Planning
You want full business partner participation in planning, budgeting, and forecasting but you struggle to engage other departments in the process. Does this sound familiar?
We thought so. But don’t fret. Here are five tips to spark cross-functional engagement and build confidence in the financial planning process.
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Workday Adaptive Planning
If you want a sense of how crucial automation has become to a modern finance organization, take a look at the shift in what CFOs see as the most important skill for new hires.
Not long ago, 78% said it was proficiency with Excel. Recently, only 7% listed Excel as the top skill.
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Jim Grew
Enjoy this series of shorts on Strategy from Jim.
Most leaders like planning: it’s mostly under their control, it can be done swiftly, and it offers immediate satisfaction. It’s hard to resist the satisfaction of a good plan, which converts a foggy future to the immediate possibility for success.
Plans are important, whether you work alone or lead thousands. Plans help answer the morning question “what shall I do today?” But there’s a problem here.
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